RATHBONE INCOME: £712 Million Fund Targeted with Unwavering Focus on Delivering Strong Results

Rathbone Income, a £712 million investment fund, is dedicated to delivering attractive dividends to investors.

With income growth in 28 of the last 30 years, it has established a strong track record, only faltering during the financial crisis in 2009 and the Covid-19 pandemic in 2020.

Fund managers Carl Stick and Alan Dobbie prioritize the needs of their investors, aiming to provide consistent dividend increases each year. The fund currently offers an annual income equivalent to around 4.6%, paying dividends of almost 42p per unit in the last financial year.

Despite economic uncertainties, Dobbie anticipates a further increase in income this year, following previous increases of 18% in 2021 and 10% in the previous financial year.

Dobbie remains confident in the fund’s ability to provide dividend growth, acknowledging the challenges posed by cautious companies and currency fluctuations impacting dollar-denominated dividends.

The fund’s investment strategy involves careful planning of dividend payments over the next two years, considering not only the amount but also the timing.

The portfolio consists of 42 stocks, primarily comprising well-known, dividend-friendly UK-listed companies. Major holdings include BP, which recently increased its quarterly dividend, and Legal & General.